the theories and adherence to the theories of the cameralists. —
cameralist
,
n
. —
cameralistic
.
adj
.

cameralist

a mercantilist economist of the seventeenth and eighteenth centuries who
believed in the doctrine that a nation’s wealth could be made
greater by increasing its supply of money. —
cameralistic
,
adj
.

capitalism

a system of economics under which ownership of and investment in the
means of production and distribution depends chiefly upon corporations
and private individuals. —
capitalist
,
n
. —
capitalistic
,
adj
.

cartelism

the practice of controlling production and prices by agreements between
or among international companies. —
cartel
,
n
.

chrysology

the study of the production of wealth, especially as attained from
precious metals.

Cobdenism

the economic doctrines of Richard Cobden (1804-65), who believed in
peace and the withdrawal from European competition for balance of power.

Colbertism

the mercantilist theories of Jean Colbert in the 17th century,
especially his advocacy of high protective tariffs.

commercialism

1
. the principles, practice, and spirit of commerce.

2
. an excessive emphasis on high profit, commercial success, or immediate
results.

the principles and practices associated with the utilization of economic
goods.

disintermediation

an economic phenomenon of the late 1970s and early 1980s in which
investors, flnding that conventional savings and thrift methods did not
pay sufficient interest to keep pace with inflation, transferred their
funds to the money market and related savings and investment
instruments, leading to a rapid growth in those resources and a loss of
funds from institutions like savings banks.

economese

language and jargon typical of economists and the field of economics.

econometrics

mathematical methods used in the science of economics to prove and
develop economic theories.

a late 19th-century English movement that favored the gradual
development of socialism by peaceful means. —
Fabian
,
n., adj
.

Fordism

the theory of Henry Ford stating that production efficiency is dependent
on successful assembly-line methods.

industrialism

a system of social and economic organization based upon highly
mechanized industry. —
industrialist
,
n., adj
.

inflationism

the quality of advocating economic inflation. —
inflationist
,
n
.

joint stockism

the principle of contribution and division of capital or stock by a
number of persons.

Keynesianism

the economic theories of John Maynard Keynes (1883-1946), English
economist, and his advocates, especially his emphasis upon deficit
spending by government to stimulate business investment. —
Keynesian
,
n., adj
.

laissez-faireism

the economic doctrine that the government should intervene as little as
possible in economic affairs. —
laissez-faireist
,
n., adj
.

macroeconomics

the division of economics dealing with broad, general aspects of an
economy, as the import-export balance of a nation as a whole. Cf.
microeconomics
. —
macroeconomist
,
n
. —
macroeconomic
,
adj
.

Malthusianism

the theories of Thomas Malthus (1766-1834), English economist, stating
that population growth tends to increase faster than production and that
food and necessities will be in short supply unless population growth is
restricted or war, disease, and famine intervene. —
Malthusian
,
n., adj
.

Manchesterism

the policies and principles of an English school of economists based in
Manchester. —
Manchesterist
,
n
.

mercantilism

a political and economic policy seeking to advance a state above others
by accumulating large quantities of precious metals and by exporting in
large quantity while importing in small. —
mercantilist
,
n
. —
mercantilistic
,
adj
.

1
. an economic theory maintaining that stability and growth in the
economy are dependent on a steady growth rate in the supply of money.

2
. the principle put forward by American economist Milton Friedman that
control of the money supply and, thereby, of rate in the supply of
credit serves to control inflation and recession while fostering
prosperity. —
monetarist
,
n., adj
.

multilateralism

the practice of promoting trade among several countries through
agreements concerning quantity and price of commodities, as the Common
Market, and, sometimes, restrictive tariffs on goods from outsiders.

nationalization

the act or process of the taking over of private industry by government.
See also
185. GOVERNMENT
.

Neo-Malthusianism

the belief that the use of contraceptives as a means of lowering the
population will eliminate such adverse elements as vice and elevate the
Standard of living. —
Neo-Malthusian
,
n., adj
.

Owenism

the principles of social and labor reform along communistic lines
developed by Robert Owen (1771-1858). —
Owenite
,
n
.

the branch of economics that studies wealth; theoretical economics. Also
called
plutonomy
.

privatization

the act or process of transferring to private ownership industry
operated by a government, of ten industry that has been nationalized.
See also
185. GOVERNMENT
.

protectionism

the theory or practice of a method of fostering or developing industry
through restrictive tariffs on foreign imports. —
protectionist
, n.,
adj
.

Reaganomics

the economic theories and policies of the administration of President
Ronald Reagan (1981- ), basically a policy of supply-side economics with
emphasis on defense spending, encouragement of private and corporate
development and investment, and reduction in government spending on
social services.

Ricardian

a believer in the economic theories of David Ricardo, English economist,
especially that rental income is an economic surplus. —
Ricardian
,
adj
.

Saint-Simonism

the theory of the Comte de Saint-Simon (1760-1825), who proposed a
socialism in which all property and production be state-controlled with
distribution on the basis of an individual’s job and ability.
—
Saint-Simonist
,
n
.

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